We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Roblox (RBLX) Stock Moves -0.31%: What You Should Know
Read MoreHide Full Article
The latest trading session saw Roblox (RBLX - Free Report) ending at $41.16, denoting a -0.31% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily loss of 0.92%. Meanwhile, the Dow experienced a drop of 0.96%, and the technology-dominated Nasdaq saw a decrease of 1.6%.
Heading into today, shares of the online gaming platform had lost 12.35% over the past month, lagging the Consumer Discretionary sector's gain of 3.47% and the S&P 500's gain of 2.68% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Roblox in its upcoming earnings disclosure. The company's earnings report is set to go public on October 31, 2024. The company is predicted to post an EPS of -$0.38, indicating a 15.56% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $1.02 billion, indicating a 21.83% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$1.58 per share and a revenue of $4.23 billion, representing changes of +15.51% and +20.08%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Roblox. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.69% higher. Roblox is holding a Zacks Rank of #2 (Buy) right now.
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 160, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Roblox (RBLX) Stock Moves -0.31%: What You Should Know
The latest trading session saw Roblox (RBLX - Free Report) ending at $41.16, denoting a -0.31% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily loss of 0.92%. Meanwhile, the Dow experienced a drop of 0.96%, and the technology-dominated Nasdaq saw a decrease of 1.6%.
Heading into today, shares of the online gaming platform had lost 12.35% over the past month, lagging the Consumer Discretionary sector's gain of 3.47% and the S&P 500's gain of 2.68% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Roblox in its upcoming earnings disclosure. The company's earnings report is set to go public on October 31, 2024. The company is predicted to post an EPS of -$0.38, indicating a 15.56% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $1.02 billion, indicating a 21.83% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$1.58 per share and a revenue of $4.23 billion, representing changes of +15.51% and +20.08%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Roblox. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.69% higher. Roblox is holding a Zacks Rank of #2 (Buy) right now.
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 160, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.